Nifty is following a pattern in monthly time frameIf nifty continues with this pattern we could have a good range by the end of July, will provide the pattern range and other important points shortly in comment section by omvats1Updated 101049
NIFTY INTRADAY LEVELS FOR 04 JUNE 2024BUY ABOVE - 23340 SL - 23270 TARGETS - 23400,23500,23600 SELL BELOW - 23200 SL - 23270 TARGETS - 23100,23000,22900 NO TRADE ZONE - 23200 to 23340 Previous Day High - 23340 Previous Day Low - 23100 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍by Jagadheesh_JP2218
NIFTY TRADING LEVELS FOR 04-06-2024Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.by tony_fx_smUpdated 2210
NIFTY INTRADAY LEVELS FOR 10 JUNE 2024BUY ABOVE - 23340 SL - 23270 TARGETS - 23420,23500,23600 SELL BELOW - 23170 SL - 23270 TARGETS - 23080,23000,22900 NO TRADE ZONE - 23170 to 23340 Previous Day High - 23340 Previous Day Low - 22800 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍by Jagadheesh_JP18
NIFTY S/R for 10/6/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.by zenthosh9
NIFTY: NDA in INDIA!It is all in numbers, if you don't believe, you get Numb. From nothing has changed view to ROME is not built in a day, from there, all is lost in a day, who moved my cheese, these were the news or experience one is sharing depending on which time frame, what commitment, what understanding, what faith one holds. Leverage either financial or psychological pulls you down, in politics the psychological leverage always extends to your financial leverage. It is important to ensure that both don't seap one into another, in terms of decision making. This can blur your thoughts and actions. The NDA stands now for Non-Disclosure Agreement, as no one is sure what is the compromise promises, that is being made. It is not to say this is bad or good. This in reference to the bends and trends from the path that is pencilled in before with the 350 Plus number. As simple as this. In the longer run, the direction of the market no one can mute or mutate. While in politics, when goes and sees how these combinations work, it is also important these combinations work there. The channel is here for us as example. 1. The start of the channel, the rise fell below the top, then the fall below the midline, then the rise, the second time rise fell below the previous rise and the break below mid channel took to the lower end of the channel. Fairly normal corrective ascent. 2. Now we broke the mid line (relatively fierce), then yesterday rise, may be today rise too. the next fall can take below the mid line. Mark the channel keeps rising, which means the previous lows may not come. 3. The trouble is only if we move out of this channel, till then the channel is the path to pursue. 22500 break breaks some hope 22800 huge supply zone. It is not that all is over and we are back to where we are. It will take lot of time for market to re-assert. If 21500 is excess on the downside. 22500-22800 is the excess on the upside for the time being. Daily close 22300 bears need, Daily close above 22800 bulls need. by sreebhashyam9
India Wins; I.N.D.I.A LosesMarkets are at all time hgh. We endured the 4 days of volatility. Coming months/years wont be smooth given the new found false sense of victory and enthusiasm that the opposition has got. As seen from the Nifty Chart, markets are on track, defitely is expensive in many sectors. So sector otaion will play out and asset alocation would be key going forward. Longby SWFguy8
NIFTY- Intraday Levels - 5th June 2024 *Levels recorded at 12:20 PM *Consider +/- 11 points buffer in below levels. *Probably levels will be valid for 6th June as well not 100% sure If NIFTY sustain above 22455 then 22513 to 22526 above this bullish then 22811 to 22824 above this more bullish If NIFTY sustain below 22228 to 22191 then below this bearish then 21994 to 21966 then 21769 to 21741below this more bearish Please do your due diligence before trading or investment. **Disclaimer - I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.by PrashantTaralkarUpdated 7
NIFTY: EDGE and WedgeThe inevitable happens, markets stunned. We have been saying and writing, the market the moves excess ahead of the events always correct viciously than one can digest. This time is no different. The diagonal or the Wedge appearing as end of Wave 5 is sure to displace many, not talk of wedge and edge in the political din. More so when the structure in the wave 5 of larger degree. Those who attended our sessions or seen our link will understand. 1. Forewarned is fore armed. 2. Money saved is money made. 3. This time is different. 4. Psychology of Wave 3 and Wave 5 is different, but participants behave as if they are still in wave 3. Sum and substance don't call it broken till it is broken is one of the rules. We did break yesterday. The one-day fall is larger than the COVID fall to start with. The Monthly candle covers the entire yearly rise and thus four-line engulfing pattern for sure. Short term frames have bounced off the lowest level that one could place in the graph and hence, that is relief for a day and not a direction. The break of 22500 seals the move and we are here to go south. How low one has to see; it can be low 20K is not ruled out. As long as we hold 22500 close bases. Cycles and strength drive the leaders and not other way round, be it financials or politics, the cycle of coalition is a test, and that would take time to unfold and endure, in the meantime, markets would take some bets off, and any rally would be sold. For the day, maybe you open with gap 100-150 sell them, add them if you see 22300 bigger positional guys stops 22530 for move back to 21500. We are still in the mood of larger moves and thus larger stops, take it as increments of 50 points. by sreebhashyam7
NIFTY PREDICTIONWE are forming a W on 24 hrs timeframe. we have red vectors to recover.by betterknewwUpdated 6
NIFTY50.....No more words!Hello Traders, The idea of my "EDT" is looking less and less likely! The future is 381 points below the ATH @ 23844, while the cash market is only 48 points below its ATH! A little "divergence"! What can we expect in the coming sessions? Well, what doesn`t go down will go up, and a new ATH will signal a continuation of the trend in the main direction! So in this case, new ATH's should be in the cards. A reversal at this level could turn into a major A-B-C correction with a target at or around 21821; more bearish potential exists! Targets for such a correction, should be focused @ 19100 to 18600 area! But, no arguments for this idea right now! Have a nice weekend ..... Ruebennase Please ask or comment as needed. Trading based on this analysis is at your own risk. by ruebennase6
NIFTY : Trading Plan and Levels for 06-Jun-2024 Key Levels: Immediate Resistance/Profit Booking Zone: 22,875 22,814 22,716 Immediate Support/Buyer's Zone: 22,423 22,381.65 22,329 22,293 Projected Moves: Bullish Scenario: If the price breaks above 22,716 and sustains, it is likely to move towards the resistance/profit booking zone between 22,814 and 22,875. Strong bullish momentum above 22,875 could indicate further upside potential. Bearish Scenario: If the price fails to sustain above 22,716 and shows rejection, it might fall back towards the support levels starting at 22,423. A break below 22,423 could see the index moving down towards 22,329 and potentially lower. Trading Plan: Opening Trade: Monitor the price action around the opening levels. Long Position: Enter a long position if the price shows bullish strength above 22,716 with a target of 22,814 to 22,875. Place a stop-loss below 22,716. Short Position: Enter a short position if the price shows bearish rejection at 22,716 with a target of 22,423. Place a stop-loss above 22,716. Breakout Trade: If the price breaks above 22,814 and sustains, consider entering a long position targeting 22,875. If the price breaks below 22,423, enter a short position targeting 22,329, with an extended target of 22,293. Intraday Adjustments: Adjust stop-loss levels to breakeven once the first target is reached to protect profits. Use trailing stop-losses to capture extended moves beyond key levels. Scenarios to Avoid: Avoid trading in a no-trade zone around 22,716 if there is low volume or indecisive price action. Be cautious of false breakouts, especially around key levels, and wait for confirmation before entering trades. Risk Management: Use proper risk management strategies, such as risking only a small percentage of your trading capital on each trade. Adjust position sizes based on the volatility and risk associated with each trade. Disclaimer: The information provided here is for educational purposes only and does not constitute financial advice. Trading in financial markets involves risk, and you should only trade with money you can afford to lose. Always conduct your own analysis and consult with a financial advisor before making any trading decisions. The author is not responsible for any losses incurred due to trading based on the information provided.by LiveTradingBoxUpdated 5
Nifty Support 200 EMAhas taken support 21247 as 200 EMA RSI near 40 but weekly below 60 but monthly above 60 Let see there is hope by ManojTembulkarUpdated 6
NIFTY50..... The bulls have left the floor!Hello Traders, (At the time, the analysis was prepared, trading was still ongoing!) Yesterday NIFTY50 crashed! I have tried to count the index, but I don't have any possible idea! The moves from 21137 were corrective, cause show overlapping waves, and no clear impulsive character! I was arguing something is just around the corner, and this could be a not so good behavior for N50! So, my favorite idea for N50 now is that @ the ATH 23338.70 an EDT was completed and, the index will change direction of trend for the coming 2–3 months! This idea is valid as long as N50 trades below 23338.70 and falls below yesterday's low @ 21821.45! The internal structure of the moves since Friday shows a possible wave 1 with impulsive character, and a wave 4 is in progress that probably ended this morning. In sum, this would mean a drop to new lows below 21821.45 tomorrow! From a technical point of view, we have seen an "evening star" that was completed yesterday with an opening below the top candle that creates the new ATH, and much more important and criteria for this pattern, it opened with a gap to the downside! A top formation has been established, and the way forward is clear! The bulls have left the bottom! Expect new lows for N50 in the coming days and protect your account! Have a great week ..... Ruebennase Please ask or comment as needed. Trading based on this analysis is at your own risk. by ruebennase4
Nifty: Trading Plan and Levels for June 7, 2024 Following a successful prediction of price movements for Thursday's trading session, we observed prices trading within the expected range. Building on this, we now outline the trading plan for Friday, June 7, 2024, focusing on key levels and zones. Key Levels and Zones: Important Resistance for New High: 22,982 - 23,247 No Trade Zone: 22,853 - 22,777 Initial Buyers Support: 22,625 - 22,580 Additional Support: 22,458 Trading Plan Based on Opening Scenarios: 1. Gap Up Opening : If the market opens around 22,949: Action: Observe price action near the Important Resistance for a new high zone (22,982 - 23,247). Watch for signs of rejection or consolidation. If the price fails to break above 22,982: Consider short positions targeting the No Trade Zone (22,853 - 22,777). Place a stop-loss above 22,982. If the price breaks and sustains above 22,982: Hold long positions targeting the higher resistance level at 23,247. 2. Flat Opening: If the market opens around the current price of 22,849: Action: Avoid immediate trading as this is within the No Trade Zone (22,853 - 22,777). If the price breaks above 22,853: Look for long opportunities targeting the Important Resistance for a new high zone (22,982 - 23,247). Place a stop-loss below 22,853. If the price breaks below 22,777: Consider short positions targeting the Initial Buyers Support (22,625 - 22,580). Place a stop-loss above 22,777. 3. Gap Down Opening : If the market opens around 22,749: Action: Look for buying opportunities near the Initial Buyers Support zone (22,625 - 22,580). If the price holds above 22,625: Consider long positions targeting the lower boundary of the No Trade Zone (22,777) and then 22,853. Place a stop-loss below 22,625. If the price breaks below 22,580: Wait for the price to reach the additional support level at 22,458. Look for buying opportunities with a tight stop-loss below 22,458. Additional Notes: Risk Management: Always employ stop-loss orders to manage risk. Adjust position size according to your risk tolerance. Market Conditions: Stay informed about any news or events that may influence market volatility. Confirmation: Await price action confirmation before entering trades, especially at key levels and zones. Conclusion By following this structured trading plan, you can navigate the Nifty 50 market effectively, considering different potential opening scenarios on June 7, 2024. Adhering to risk management principles and staying updated on market conditions will enhance your trading decisions. Disclaimer This trading plan is for educational purposes only and does not constitute financial advice. Trading in financial markets involves significant risk and may not be suitable for all investors. Always conduct your own research and consult with a financial advisor before making trading decisions.Shortby LiveTradingBox4
Nifty50 Tomorrow market will be in downside. Important support 22700. Looking at gift nifty gap down is confirmed. India vix 16. by saynazeer4
3rd Target 1.2 Fibonacci Retracement Reached & BreakoutNifty 50 after Breakout, 1st Target 0.5 Fib, 2nd Target Channel Bottom, 3rd Target 1.2 Fib Retracement. Refer this images: Trendline Breakout, 1st Target, 2nd Target, 3rd Target Shortby SasikumarMani4
NIFTY TRADING LEVELS FOR 03-06-2024Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.by tony_fx_smUpdated 2214
NIFTY INTRADAY LEVELS FOR 03 JUNE 2024BUY ABOVE - 22650 SL - 22600 TARGETS - 22700,22760,22800 SELL BELOW - 22500 SL - 22550 TARGETS - 22420,22350,22300 NO TRADE ZONE - 22500 to 22650 Previous Day High - 22650 Previous Day Low - 22500 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍 by Jagadheesh_JP20
Down Trend start, Next Target is the Channel Bottom.Nifty 50 coming down side, because Trendline breakout is the one of the Confirmation and also did not closing above the Channel Pattern. I want to help people to Make Profit all over the World. Refer this link : Shortby SasikumarManiUpdated 4
NIFTY Trading Plan for June 4, 2024 Market Overview: Given the current volatile market environment due to the ongoing general election vote counting, NIFTY experienced an action-packed session and closed above all intraday targets. The trading session on Tuesday, June 4, 2024, is expected to be highly volatile. Below are the detailed trading levels and strategies for different opening scenarios: Gap Up Opening: Action: Buy on gap-up opening above 23,400. Target: 23,689 - 23,817. Strategy: Wait for a breakout within this range for further buying opportunities. Stop Loss: 23,190. Scenario: If prices trade below 23,170 without breaking Monday’s high and sustain this level for the first hour, prices may decline to 22,967 – 22,915. In this range, traders should consider entering on the buying side. Flat Opening: Scenario: If opening below 23,300. Price Movement: Prices might trade sideways between 23,300 and 23,196, with support likely at 23,180. Downside Targets: 22,967 – 22,915 if support at 23,180 is broken. Gap Down Opening: Action: On gap down opening below 23,200 and sustaining below 23,170. Initial Target: 22,967 – 22,915. Election Impact: If election results align with exit polls, consider buying towards the range of 23,300 – 23,689. Alternative Strategy: For results contrary to exit polls, look for short trades below 22,900. Conclusion and Disclaimer: Traders are strictly advised to either avoid trading during this volatile session or trade with a close watch on election results. Profit booking may occur towards the end of the session, even if the outcomes align with exit polls. Always trade with caution and adhere to stop-loss levels. Longby LiveTradingBox3
NIFTY S/R for 6/6/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.by zenthosh2
NIFTY : Trading Plan and Level for 10-Jun-2024Key Zones and Levels Resistance / Profit Booking Zone: Levels: 23,562.00 - 23,661.00 No Trade Zone: Levels: 23,241.00 - 23,350.00 First Buyers’ Support: Levels: 23,103.00 - 23,121.49 Buyers Zone at Retracement: Levels: 22,787.20 - 22,870.00 Trading Strategies Based on Opening Scenarios Scenario 1: Gap Up Opening If the market opens significantly higher than the previous close (above 23,350.00): Actions: Monitor for Retest of 23,350.00: If the price retests and holds above 23,350.00, consider entering a long position. Target: 23,562.00 initially, with potential to reach up to 23,661.00. Stop Loss: Place a stop loss below 23,241.00. If No Retest: If the price continues to rise without a retest, wait for a pullback towards 23,350.00 for a better entry point. Scenario 2: Flat Opening If the market opens around the previous close (23,270.05): Actions: Watch for Breakout or Breakdown: If the price breaks above 23,350.00, consider entering a long position. Target: 23,562.00 initially, with potential to reach up to 23,661.00. Stop Loss: Place a stop loss below 23,241.00. If the price falls below 23,241.00, consider entering a short position. Target: 23,103.00 initially, with a further target at 22,870.00. Stop Loss: Place a stop loss above 23,350.00. Scenario 3: Gap Down Opening If the market opens significantly lower than the previous close (below 23,241.00): Actions: Monitor for Support at 23,103.00 - 23,121.49: If the price reaches the First Buyers’ Support zone and shows signs of reversal, consider entering a long position. Target: 23,241.00, with potential extension to 23,350.00. Stop Loss: Place a stop loss below 23,103.00. If No Support: If the price continues to decline and breaks below 23,103.00, wait for the Buyers Zone at Retracement (22,787.20 - 22,870.00) to look for potential reversal signals. Actions: Consider entering a long position if reversal signs appear in the Buyers Zone at Retracement. Target: 23,103.00 initially, with further targets at 23,241.00. Stop Loss: Place a stop loss below 22,787.20. Conclusion For 10-Jun-2024, monitor the opening scenario and be prepared to act based on the outlined gap up, flat, or gap down opening scenarios. Ensure disciplined risk management by using appropriate stop-loss levels and adjusting positions in response to market movements. Disclaimer This trading plan is based on technical analysis of the provided chart and does not guarantee specific outcomes. Trading in financial markets involves risk, and it is crucial to conduct your own research and consult a financial advisor before making trading decisions. This plan is for educational purposes only and should not be considered as financial advice.Longby LiveTradingBox2